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Search Results 0 to 49 of about 58 (some duplicates have been removed)
FOX Business
Dec 11, 2012 3:00pm EST
're looking toward the fiscal cliff, possibly ben bernanke comes out and says more. it seems everyday we don't have a fiscal cliff deal we actually go higher in the stock market. i think we would go lower heading toward the deadline. the market looks strong, apple looks strong. $50 billion in revenue possible. we do look strong. coleman offers 1700 level. lot of activity in december. and they're expecting a huge move in the next week and a half. liz: no real fear in the market, so pretty significant blows around 15. bond yields are not doing anything exciting. do you look at that and say i am in? or do you say the fear trade is over? >> always at the volatility index and that is one of the gauges a look at it daily basis. basically levels of the s&p 500 futures the highest since obama was elected presidency. we sold awfully hard, we got back and possibly took some stocks off. we're reversing a little bit from the upside, selling off a little bit. the fiscal cliff are the two words that will be mentioned the most. we have costco earnings tomorrow, we'll keep an eye on that one. liz: is anybod
CNBC
Dec 7, 2012 1:00pm EST
with those comments just 24 days to go until america confronts the fiscal cliff. house speaker boehner coming out earlier today and saying no progress has been made in the negotiations. our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of
CNBC
Dec 5, 2012 9:00am EST
supplies. send it back to you. >> thank you so much. when we come back, deal making in a post-fiscal cliff world. faber has an exclusive interview with the ceo of investment bank moelis and company. more in just a moment. >> announcer: the holiday season is here and that means lots and lots of photos with a certain someone. now you can display it in style with a picture frame signed by the entire "squawk on the street" gang. if you can guess friday's nonfarm jobs number it's all yours. tweet your guess and don't forget hash tag nail the number. you have to be at least 18 years of age to enter. sorry, kid. for all of the official rules and details, go to cnbc.com. you have until 8:29 a.m. eastern this friday morning. good luck and say cheese. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. ♪ you can stay in and like som
CNN
Dec 9, 2012 2:00pm PST
're going to be talking a lot more about the fiscal cliff in the coming hour. three cnn i-reporters are going to be joining me to talk about their real concerns about this and we got some answers from our business expert from questions that were sent by you that you tweeted to us. that's going to be coming up in about 15 minutes. >>> bail was set for dallas cowboys josh brent, he's been charged with intoxication manslaughter for a crash on saturday that killed his teammate. police say brent was pulling jerry brown out of the car when they arrived. dallas coach jason garrett talked about his players just a few minutes ago. >> obviously this is a very difficult situation, a tragedy occurred to our football team. in the last couple of days. and we lost jerry brown, practiced roster player for us who we picked up earlier in the year. and it's been really emotion for everybody and as the head coach of the team, i have to talk to the team and i have to inform them what happened, give them the news and then try to offer some perspective. you know, i talked a lot got the value of
CNBC
Dec 12, 2012 4:00pm EST
. number one, he was questioned persistently about the fiscal cliff and had to come out and say what he said before we don't have the tools to deal with it if we go over it. that was a approximate stocks started moving down and secondly, the 6.5% unemployment rate. that's got a lot of people talking down here that we may be closer to that than a lot of people think. >> bob, that's only because people are leaving the workforce. that's how we're going to get there. if everybody decides to stop looking for work and stay home and watch soap operas then we'd have an unemployment rate of zero. >> that could be a factor in their decision making, i'm sure it will be, but i'm using the numbers actually out there, 6.5%. that number may be hit a little bit sooner. >> he said he was not going to stick to that if people keep leaving the workforce. >> right, just a guidepost, not a hard target. >> stephanie or randy, you know, another market that moved today was gold. >> yeah. >> moved higher after the fed's announcement. there are those who feel as they keep the rates this low for the foreseeable fu
CNN
Dec 7, 2012 4:00pm PST
the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said. a lot of things are possible. that may not sound like much where you're from, but here in washington, it sounds suspiciously like code for, we're making progress. more evidence boehner's democratic counterpart house minority leader nancy pelosi also seems to be softening her language as we head into the weekend. listen. >> what we want to do is protect the middle class. so it's not about the rate. i
ABC
Dec 9, 2012 8:00am PST
that fiscal cliff, we just come off a week of press conferences, symbolic votes in senate, but less than an hour of serious negotiating. what will it take to break the stalemate? we'll get into that this morning, with two big roundtables of elected officials and experts. let's begin with the lawmakers. senator tom coburn for the republicans and debbie stabenow for the democrats. and congressman hensarlingg. the president said that for there to be a big deal, tax rates on the wealthy are going to have to go up. if that's his bottom line, can there be a deal? >> again, as the speaker has said, unfortunately what we see out of the president is my way or the highway. one dollar revenue for 2.5 of spending reductions. now, after the election, it's a little bit of bait and switch. now he's asking for $1.6 trillion. and if you look closely, for every one dollar of tax increase there's about 20 cents of spending reductions. >> i'm talking about the rates. if the rates go up, can the republicans in the house accept the tax increase? >> no rep wants to vote for a rate tax increase. what that's goi
CNBC
Dec 6, 2012 4:00pm EST
not really helped the employment side, but the fiscal cliff is doing obvious damage. that's going to make what everybody knows is coming. we ran out of two years to sell. they're going to go from a twist to outright purchases. it's fully built into the market, but it isn't going to help. the fiscal cliff is going to do more damage to the psyche of job creation than anything that ben bernanke can do. >> any expectations in terms of the jobs numbers? what do you look for? >> we're looking for better than expected. rit, the sandy effect will be there. you should see actually better job growth next year, and that also becomes that second catalyst into the marketplace that could put the s&p at an all-time high next year. >> what about the fiscal cliff though? if we take out the mortgage deduction, which is being hotly debated in terms of the exemptions and loopholes, does that stop this housing recovery in its tracks? >> if you pick a midpoint between 0% and 3.5% and call it a fiscal slope, 1.5% drag next year is equivalent to the drag we have this year from the overall private sector. without
CNBC
Dec 10, 2012 9:00am EST
the fiscal cliff, i will come after you with both barrels. if you vote tax increase. what's more -- do they want to rise above a tax increase? no. do they want to rise above fiscal cliff? no. what they want it do is not rise above the radar screen of raising taxes. and grover is more powerful than a recession. i asked him point-blank on "meet the press," college chum, look, it doesn't have to be a recession. we cut the entitlements. what are the entitlements that need cutting. and let's get medicare part b off there. what is your plan? no one is speaking about the specifics. because it's third rail. it's just plain third rail. >> medicare is the key, no doubt about it. the rising medical costs and percentage of the budget that that will continue to take up. it is the key area, when you're looking at spending cuts. >> right. and there's $4 trillion added on during the republican period. much of it for the global war on terror. no one wants to touch -- do people roll back on what you spend on global war on terror? we've got defense cuts, about there's $4 trillion, documented numbers spen
CNN
Dec 12, 2012 1:00pm PST
to the united states, bill richardson. so that interview coming up later. >>> as fiscal cliff talks here in washington are showing little movement towards a deal, there's now a new report that president obama may be willing to put raising the eligibility age for medicare on the table. is that true? we will discuss more this more in our strategy. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. humans -- sometimes life trips us up
CNN
Dec 10, 2012 1:00pm PST
like a campaign rally. he's out there campaigning now for his position on the fiscal cliff and also campaigning against the anti-union vote that's coming up tomorrow in michigan. >> he certainly owes organized labor. and obviously if you're a democratic president and there's a ballot like this, certainly hard to see why you would stay away, especially in a state like michigan. but i think what we are seeing is the president applying pressure to the republicans and looking for wedges. one of the wedges we're going to see is the republicans who feel more strongly about the income tax versus republicans who feel more strongly about the capital gains tax. the president may offer different kind of concession, to those two groups. >> the criticism he's getting is instead of going out there and ka paining in michigan and elsewhere, bring these republicans over to the white house, get in a room, work out this deal this week as opposed to next week and resolve it so the country doesn't go over the fiscal cliff. >> where's congress right now? they're home. where's congress most of the time? a
MSNBC
Dec 7, 2012 8:00pm PST
to report. when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> the house speaker had nothing of substance to say about this week's phone conversation with the president. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president if he's serious to come back to us with a counteroffer. >> boehner says the president is not being a helpful negotiator, even though the president apparently designed the negotiating sessions at boehner's request. according to "the new york times," boehner insisted the talks include only himself and the president of the united states. boehner wanted senate democrats and nancy pelosi out of the discussions. democratic senator dick durbin told the times this is now the speaker and the president working this through. democratic leaders say they are satisfied with the briefings that they continue to receive. nancy pelosi seems perfectly happy putting pressure on the republicans. >> why are w
CNBC
Dec 11, 2012 5:00pm EST
shackman, with a look at what's coming up next. hey, brian. >> melissa, the fiscal cliff, does it have a relationship to free agency in baseball? we had to go all the way to nashville, tennessee, to find out. we'll share some of the details on that one when "fast money" comes right back. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. conne
CNBC
Dec 10, 2012 5:00pm EST
the lines of communication remain open. is the fiscal cliff end game finally approaching? joining us now is ben white, politico's chief economic correspondent. ben, maybe it's good news they didn't come out and say, we're so far apart. >> it's a good sign. any time that boehner doesn't come out and say, we're nowhere, that's good. these things are going to get done in private. both sides need to leap off a bridge here. the republicans need to some how figure out how they're going to let the top rates go up. democrats need to swallow some changes to entitlement programs, raising the retirement age or changes. the less we hear, the better, in the next few days on the negotiations. as soon as you hear leaks saying these guys are too far apart, that's the problem. if we hear nothing, that's actually pretty good. >> are we starting to see the beginning of the gop move into the center with the comments over the weekend from senator corker and this morning, letting the tax rates go higher so the shift can be, the time shift can be spent on entitlements. >> the republicans some how want democrat
CNBC
Dec 7, 2012 9:00am EST
and that there is a significant downward correction to come? >> the biggest risk is fiscal cliff. it is a weak fourth quarter. we could have a much better year if we choose to avert the fiscal cliff and move toward credible deficit reduction. if we don't, i think that's the real critical bet is will we get there or not? >> good to see you both. have a great weekend. thank you very much. >>> simon mentioned we're going to get exclusive reaction to today's job report from goldman sachs chief economist jan hatzius straight ahead. >> who better to sit down and talk with than whirlpool. >> announcer: the number is out. >> november nonfarm payrolls increased by 146,000 jobs. >> announcer: were you able to nail the number? if so, you may be the winner of this picture frame signed by the "squawk on the street" gang. find out if it was you later on "squawk on the street." if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a
CNN
Dec 6, 2012 1:00pm PST
. >> the president has known about the so-called fiscal cliff for a year but has yet to come up with a plan that actually reduces our deficit. i'm willing to work with anyone to put a plan on the table, but we're not willing to negotiate with someone who hasn't put a plan on the table. the president has not put a serious plan on the table. >> as far as a compromise on the marginal tax rate 35% going up let's say 36% or 37%, is that acceptable? >> no. no. because marginal tax rate increases if there is any increase in revenue, just gives them more to play with on capitol hill and more to spend. when we talk about fairness, when the top 2%, the $250,000 and above are already paying 45% of total income tax, that's a big question of fairness there too. >> who should nicki haley name to replace you? >> i talk today her today. i share the same philosophy, the conservative philosophy. i told her i trust her decision and i'm not going to push her one way or another. >> a lot of speculation, congressman scott? >> he's a wonderful person. our whole delegation is really strong. she's got a tough choic
FOX News
Dec 5, 2012 1:00pm PST
: there is no fiscal cliff. there is a fiscal slope. the earth doesn't stop spinning, the sun will come up, the moon will come up and we will have to do things in john. taxes will go up and the democratic party and hopefully some responsible republicans will vote to make certain that we remove this tax cut that would take place. >>eric: no talk about responsible democrats to stop spending so were, or cut back the spending, not just cutting back the increase rate in spending but item spending cuts. >>guest: the rate of increase doesn't have anything to do with the spain people are suffering whether they are middle class or poor. we were talking about the so-called fiscal cliff, if that happens, automatically taxes are going to go up for everyone. maybe, then, someone would ask, who was it that said we shouldn't just pass the tax cuts to make certain that the working poor and the middle class get it, who stopped us and who pushed us over the cliff. it won't be the democratic minority in the house of representatives. >>eric: always good to talk to you congressman rangel. good to see you, sir. paying fo
CNBC
Dec 5, 2012 6:00am EST
the administration wants to see a deal come together here. >> for what, the fiscal cliff or the fiscal abyss? >> for both. >> for both. >> so that a down payment -- a compromise down payment on approximately $4 trillion. i think when you pull it apart, you have about a trillion dollars in discretionary spending that has mostly been agreed upon and you have taxes and the entitlements, the mandatory. >> the entitlements are the sticking point. whoa. did you see that? you think that's funny? >> set that up for you. >> you think that's funny, mac? you do this? look at this. this is booby trapped, man. it won't stay up. which can really be a problem. you can laugh at that. it's okay. nobody's watching. it's 6:00 a.m. that got you going. >> when you look through, i guess the devil is in the details in terms of what you're looking at in spending, cuts, entitlement cuts and with the tax increases, and you're right, both sides have put a plan on the table. they're pretty far apart, but at least now you know there's some framework for how you get to the middle. what do you think, 1.2 trillion in tax i
MSNBC
Dec 10, 2012 12:00pm EST
with the realities of new taxes that are coming on-line because of health care. the fiscal cliff issues, et cetera. let the speaker do what the speaker does best, and that's negotiate his deal. >> the other michael steele, in this town, which is to say speaker boehner, one of his spokes people, released this tidbit of information, and i stress the word tidbit because it is ever so small. discussions with the white house are taking place, but we have no detail to share about the substance of those conversations. the republican offer made last week remains a republican offer, and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. when they are in a room together, do they stare at each other and not talk? presumably like some words are communicated and there is some ball moving somewhere if not forward then to the side? >> i'm going to twitch my eye a little bit. you're going to have to guess which entitlement i'm talking about. i think that's the case. i mean, it seems like part of the boehner str
CNN
Dec 5, 2012 9:00pm PST
believe that the reason that president obama is going to win the debate is because, come the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather agree with you. probably shouldn't. but i do. i think divided government is very difficult. and there's some principles that speaker boehner is fighting for, with which i actually agree. but i think politically, the risk here for the gop, is they've become the party of rich people. and they give up the middle-class to the democrats. and i think you saw some of that in the presidential election. i don't think that's their intent. i think their tax reform intent is quite sound. but the way this is playing out, i think that's a big risk for them. >> they're becoming the party of rich, white, older men, is what it seems to me. you can't think of any other section of american community that right now is thinking the republican party's for me. this isn't be a good place for them to find themselves. >>
MSNBC
Dec 7, 2012 5:00pm PST
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CNBC
Dec 7, 2012 6:00am EST
's what we have three hours for. >> it was dumb. >> the name fiscal cliff where did that actually come from? >> i don't know. >> bernanke maybe. >> maybe. >> really? >> maybe bernanke. >> that thing really stuck. >> that's a good question. that's good trivia. i'll goog it. >> we've said it's not really. it doesn't happen really. it's more of a ski slope it's not a black diamond slope. it's more advanthan advanced. >> a double blue. >> but not without a lot of moguls. >> dan gilbert is the own of the cleveland cavaliers and the founder of quicken loans and you're the perfect person to have here because you have your finger on so many different things happening in detroit and around the country. let's start with the housing industry this morning because people have been trying to figure out if the resurgence there is for real. you see so many people who are coming in either for mortgages or refinancing. what do you see happening? >> well, you know, real estate is local as we all know. it's a market-by-market thing and when you put a national number to it you're taking an average that is
NBC
Dec 9, 2012 10:00am EST
to the fiscal cliff, this threatening of our economy and threatening jobs, the white house has wasted another week. the president has adopted a deliberate strategy to slow walk or economy right to the edge of the fiscal cliff. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> so here's my sense, congressman mccarthy. why in the minds of republicans aren't they processing it this way? look, president, we'll give you what you want on rates. let them go up. but we have to get something in return. big cuts in the medicare program, and we're willing to make a deal is. that essentially the thinking of speaker boehner at this point? >> the president wants the rates to go up, that doesn't solve the problem and we don't want to be back here in another year or 10 years answering the same question. but right after the election, we sent a plan to the president where we gave revenues but looking for spending cuts. and he took three weeks to come back to us. he has gone on still on the campaign trail, still working through. but you have
CNBC
Dec 10, 2012 3:00pm EST
of the fiscal cliff will be positive for the market at this point. right? >> any type of rhetoric coming out of washington, d.c. has put a bid to the tape. so i think the hopes that people were going to have something long-term and really concrete coming out of d.c. have long since gone given we only have a fortnight to get something done. so any type of positive, just get us passed it. you don't want to kick the can down the road like they did in europe. but i think some sense that they are going to come up with something. >> how do you invest regardless of the outcome? >> right now -- well, you know, here we go. i'm always the bear, right? i would be very cautious right now. because we have some concerns in regard to some preannouncements that might come around. you got a lot of cash in profit coffers. you can't just keep playing extra dividends. and so at some point you have to show revenues in growth. there's not a lot of evidence of that right now. >> in the meantime, rick santelli, you've got a big weekend coming up. the fed meeting. lots of data. what are you setting yourselves up for
CNBC
Dec 6, 2012 9:00am EST
a symbol crash? what's coming up? >> kneel kashkari says it's not a fiscal cliff, it's a hill but he's buying stocks and has specific names and a deeper dive into the prospect of exporting natural gas, what happened to this manufacturing renaissance that cheap gas is supposed to provide in the united states. we'll get into the issue. >> we've not covered enough of europe. >> there is a possibility the italian government could fall. >> the "b" word, berlusconi, incredible. see you later. if you're just joining us here is what you missed earlier this morning. >> welcome to hour three of "squawk on the street." here is what's happening so far. >> a sound fiscal position is necessary to protect the economy. >> okay. >> if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. >> 370,000, a drop of 25,000, because the 393 originally released last week was upgraded a couple of thousand. >> people are truly perplexed about what the stock is, where it got to, what do you do with it. >> so you can come up with a million reasons. it's ma
CNN
Dec 11, 2012 11:00am PST
think. first, forget the fiscal cliff, because the economy is coming back. americans are feeling more optimistic about 2013 and if we play our cards right, we're going to see a new economic renaissance. td ameritrade recently surveyed folks on their outlook for the new year. 43% say they're downright optimistic about the economy and believe we're headed for a rebound. 45% are feeling good about their own finances, but we already know that things are starting to get better. look, we're adding jobs every month, consumer debt continues to shrink. stock markets are up. longer term, though. america will reap the rewards of its domestic energy boom and more oil and gas gets extracted. the drop in the price of natural gas is already helping utilities and factories compete. that's creating more american jobs. and there is more. housing will be the golden lining to the economic cloud that is hanging over this country. mortgage rates are at historic low and should stay that way for the next two years but home prices have seen their bottom and are heading back up. when they do, confidence goes u
MSNBC
Dec 7, 2012 6:00pm PST
if there was an agreement in place. but you can see the pieces coming together on the fiscal cliff some increase in marginal tax rates coupled with some kind of cutting back on tax expenditur expenditures. the real concern is shifting or will shift from the fiscal cliff to the debt limit. it's not clear that the republicans will agree to including a debt limit increase in that kind of package and if they don't, we may get past december 31st only to find ourselves with a big problem in february or march. >> the obama administration has been clear they will not sign anything. even to get past december 31st. so do you think they can hold firm on that if republicans offer them a package that doesn't include the debt ceiling? >> this is where i think the tension is now arising, which is even if you have some agreement over the tax rates which will jam the republicans a bit, can you jam them on the debt limit also, the concern will be an administration overstepping or overream reaching and trying to jam in the kinds being discussed now. i'm all in favor of getting rid of the debt limit. it makes no sense from a t
CNBC
Dec 4, 2012 7:00pm EST
. >> regardless of how fiscal cliff negotiations work out, for the first time ever, the irs will impose a new income surtax on all investment gains including your home. 159 pages of rules for one tax. this cannot be good. here now is the author of the book democracy denied. 159 pages. am i right it is going to include gains on your home? in fact this rule looks like it is going to cover more ground than originally thought. this surtax? >> well, you still have an exclusion on the tail of a primary residence. above that, it would be subject to this surtax. independent income. the rules are surrising. all rental income, you are going to have to pay the surtax on that rental income. depending on what happens with fiscal inclusive, we could be looking at 43.4%. all of this stuff, income is going to go up. there is a 0.9% payroll tax for people above $250,000. explain this to me. these investments aren't they already tax ee eed once? when you put it into corporate assets, you put it into corporate stock. this is an additional layer of tax on already taxed income. to worsen that, worsens that treatm
ABC
Dec 9, 2012 9:00am EST
is coming right up. their take on the fiscal cliff stalemate in just 90 seconds. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2550 with schwab etfs. tdd#: 1-800-345-2550 schwab etfs now have the lowest operating expenses tdd#: 1-800-345-2550 in their respective lipper ca
CNN
Dec 5, 2012 4:00am PST
to you. with 27 days left before we come face to face with the fiscal cliff, former presidential candidate newt gingrich has some advice for his fellow republicans. let the country go over it. gingrich telling cnn's piers morgan the president is using his newfound political capital to pressure the opposition and republicans should stand their ground. >> i think he's putting the republic republicans in a corner. they need to relax. they don't have an election until november of 2014. you want to negotiate seriously we'll sit down and talk. you don't want to negotiate seriously, we'll survive going off this cliff. no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to have a bigger cliff. >> gingrich went on to say he doesn't sense any mutual respect right now between the president and house speaker john boehner and that troubles him. >>> a lawyer says john mcafee will request asylum in guatemala. he emerged from weeks of hiding yesterday. he disappeared from his home in belize after his neighbor was
FOX
Dec 9, 2012 4:00pm PST
but not a roaring recovery. does it help one side more than the other in the negotiations over the fiscal cliff. >> they will both have talking points. the president will come out and say, look we're recovering and making our progress and therefore the economy is okay to have these tax hikes levied on it and republicans will say it is too weak to play guinea pig with the economy and you shouldn't be making this experimentation, the job numbers are not strong and politics aside, presidents with a second term their most lasting legacy is their stewardship of the economy and it is astonishing, given how weak the economy is, you can got out and impose new taxes, whatever will come, in he's wrong and it has an effect it will be hard for us to dig out of that in the end. >> chris: juan, 23 days, and counting, now, until we go over the cliff. do you see -- and you heard senators corker and schumer, any sign aw sign we are getting closer to a deal. and it does seem like republicans are caving on the top tax rates. >> you were listening carefully. that is exactly right. that is the sign. i mean, republi
FOX Business
Dec 12, 2012 11:00am EST
hill. they say we are over the fiscal cliff, unless tax rates go up. the sign will come from the fed. we will know in the next 90 minutes. former atlanta fed joins us now. how is the decision connected, do you think, to the fiscal cliff? >> it has to do with balancing risks. they do not want to risk the recovery that we have underway already, even though it is slow. i expect two things. first, they will not change policy. they will continue quantitative easing. they will probably stop operation twist. simply because they do not have anyone short-term securities of any significance to sell. they will continue the asset buying programs as a hedge against going over the cliff. connell: all these names that we have become familiar with, you mentioned operation twist and quantitative easing, one, two, three, the speculation about four. basically, easy on it. policy. you are telling us, and a lot of people expect, they are worried about what the fiscal people are doing or not doing. >> they do not have to with interest rates so low. >> well, that is the trade-off. a lot of people think tha
FOX Business
Dec 7, 2012 11:00am EST
to some sort of agreement on the fiscal cliff. we can't increase spending. we are trying to rein it in and i am not that worried. there are distributional effects. lot of the lower end retailers, dollars or, drug stores have been big beneficiaries on extended unemployment benefits and their business will likely slow. cheryl: let me ask you something. you brought up the issue of the amount of retail dobbs but those are low-wage jobs. i assume the market does not want to see that. nice to see jobs added but not the right type of jobs. >> that is right. 50% of the jobs that were part of today's report of the low-income variety jobs. hospitality, leisure, retail, temporary jobs. we don't want to see that on wall street. we want to see the high-wage jobs because those are the jobs that will sustain a growing economy. they will be able to buy big-ticket items such as cars, a house, durable-goods. that is what you need to really grow this economy and right now we haven't heard any strategy of washington. all we're hearing about are extra taxes. cheryl: i want you to listen to this and
FOX Business
Dec 6, 2012 4:00pm EST
mulholland in the pits of the cme. we have a street fight. jeff believes there will be a fiscal cliff resolution. david wright, on the other hand, thinks d.c. will avoid the cliff, but it will not stop the bears from coming around this time. let's start with tim at the cme. and, tim, we were talking about what a low yield you get now on treasuries. people are looking for some kind of yield, and the only place you're finding it is in the stock market. >> yeah, that's true. you also get the corporate bond market, the high-yield market. the fed has really through their interest rate repression forced people into risk assets, so the fixed income -- david: let me just stop you there, tim. you say interest rate repression on the part of the fed. that sounds like you're not too happy with the fed. [laughter] >> the fed's basically taken the market disciplinary function out of the marketplace with purchasing $85 billion a month with treasuries. they've been doing that for quite some time, so they basically have been, you know, manipulating the interest rates which i think is also when people
FOX Business
Dec 10, 2012 11:00am EST
to you and wait to see it. connell: to that point, if you are right about that, and the fiscal cliff does give push forward in some form again, if it is not may be priced in, the market may have a little bit of room to rally on it. if you look at the economy, it is actually doing okay. i think those things go away if we get a deal. i don't think that is priced in at all. connell: great to have you on. thank you for joining us today. >> my pleasure. dagen: a stock alert for you. it could be a record-setting day at fedex. this could be the busiest day in the company's history. they have about 300,000 permanent workers worldwide. they add an additional 20,000 workers for the seasonal work. it is up 1%. goldman sachs, speaking of the economy: even in the firm's baseline forecast, you can expect economic slowdown in early 2013. things will be even worse if washington cannot cut a deal. financial conditions will very likely be cliff like, early january. connell: stick around for the story coming out of australia. the police there are warning drivers that a problem with apple maps can actually
CNBC
Dec 11, 2012 1:00pm EST
by senator johnny isakson. back to you guys. >> maria, brian, thank you very much. will a fiscal cliff deal be done in time? why don't you register your opinion. finance.cnbc. cast your vote. results will come up later on "power lunch." sue. >> we have a triple digit rally on the floor of the new york stock exchange with the dow jones industrial just off the highs of the trading session. we're up 109 points on the dow despite the gridlock in washington. nasdaq is up 41 points and s&p 500 is up 13 points. all three of those averages moving back above their 50-day moving average. first time we've seen that since october. trader from cnbc, and ceo of destination wealth management. ken y, i'm going to start with you. you were champing at the bit listening to the interview that was done in washington. why is this market up triple digits? is it up because they think there is a deal or isn't a deal? >> very interesting. i'm beginning to think the market is rallying because there is no deal, we're going over this cliff. let's not forget, it was a bipartisan committee that couldn't come to an agreem
MSNBC
Dec 6, 2012 3:00am PST
house absolutely is ready to go over the fiscal cliff. where do negotiations go from there? keep it right here on "morning joe." >>> good morning. it's 8:00 on the east coast 5:00 a.m. on the west coast. time to wake up, everybody. welcome back to "morning joe." take a live look at new york city. back with us onset we have harold ford. >> he is a professor. >> yes, he is. >> hard to believe. >> and a former member of congress. >> yes. >> steve rattner. >> he is a financier. >> yes he is. >> also hard to believe. >> and mark halperin in washington. >> he is a secret agent. won't tell us who he is meeting with. >> so cagey. >> boy, there are some stories here. unbelievable. you're talking about libya and i tell you what. you've got assad about to cross that red line and he's going to see russia leaving quick. i think he'll see even troops going in there if he starts using chemical weapons against his own people. morsi in trouble, egypt. the biggest revolt since mubarak was pushed out of power. the "new york times" also has another fascinating story. john boehner gains strong backin
CNN
Dec 7, 2012 11:00am PST
there is the fiscal cliff. implications of that. interesting thing about this whole report in general is that it came in much better than expected and that could actually wind up being a bad thing for the negotiations going on capitol hill because it may not light a fire under lawmakers. may not give them the motivation to compromise when they would maybe be more willing to compromise if the jobs numbers were weaker. so a lot of interesting things going on with this report. a lot of implications. deb? >> definitely still room to fix the economy. alison kosik for us at the new york stock exchange, thank you so much. >>> well, after weeks in hiding and on the run, john mcafee's bid for asylum in guatemala has been rejected. he may be deported back to belize. more on this bizarre case coming up. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving yo
CNN
Dec 4, 2012 7:00pm PST
're not having a conversation about spending. the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with eric's take? is the right strategy for republicans to stick to their guns, forget about compromise? >> no. i really don't -- eric is one of my favorite people. we talk a lot. but i think that, and i did work for the speaker gingrich during the shut-down fight in '96, and it did not work out well for republicans. the president has a much bigger bully pulpit than the speaker does. newt gingrich's bully pulpit was pretty big back in those days but at some point, republicans in the house -- and i think boehner is trying to look for ways to do this, speaker boehner, tha
CNN
Dec 5, 2012 10:00pm PST
geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all those americans, too, get a tax cut on the first $250,000 of their income. so, in some sense it's a tax cut for all americans. >> reporter: bottom line, anderson, we're talking today but still at stalemate. >> yeah, i mean, it's a sign, jessica and dana, of just how lack -- how little progress there's been that a phone call is big news between these two. dana, we're also hearing hints of some move between republicans, coburn, olympia snowe. what are you hearing? how significant is it? >> reporter: it's significant for a couple reasons. you're right. three republicans in different ways suggested they would be okay with what most republicans are saying, that they're not okay with, which
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